2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2014 2015 2015 Current assets Current liabilities Cash Accounts receivable Inventory 24,086 12,848 26,042 $ 24,500 15,600 27,500 Accounts payable Notes payable Other $ 23,584 15,000 11,971 $ 27,500 11,200 18,300 Total $ 62,976 $67,600 Total 50,555 $57,000 60,000 Long-term debt Owners' equity $ 73,000 Common stock and paid-in surplus Accumulated retained earnings 44,000 237,116 $ 44,000 256,000 Fixed assets Net plant and equipment $328,695 $362,400 Total $281,116 $300,000 Total assets $391,671 $430,000 Total liabilities and owners' equity $391,671 $430,000 SMOLIRA GOLF CORP 2015 Income Statement Sales Cost of goods sold Depreciation $373,473 254,500 32,800 Earnings before interest and taxes Interest paid $ 86,173 14,700 Taxable income Taxes (40%) $ 71,473 28,589 Net income $ 42,884 Dividends Retained earnings $24,000 18,884 The company's profit margin is values where appropriate. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) The total asset turnover is 11.48 percent. (Use year-end figures rather than average 0.62 times. (Round your answer to 2 decimal places, e.g., 32.16.) times. (Round your answer to 2 decimal places, e.g., 32.16.) The equity multiplier is Using the Du Pont ldentity, the company's ROE is calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) percent. (Do not round intermediate